Land at 50 Bispham Road, Blackpool, Lancashire

Description

Plot of land with planning for 12 self-contained 2 bedroom apartments. Planning Ref: 25/0690 permits construction of a contemporary part 3-storey and part 4-storey building comprising 12 self-contained flats with dedicated off-road car parking.

Accommodation

Approved plans provide for a part 3-storey and part 4-storey building comprising 12 self-contained 2 bedroom flats.

Location

Prominent and highly visible location on Bispham Road, with public transport links including regular bus routes and nearby rail connections. The surrounding area includes major supermarkets, independent retail shops, local amenities, cafes and schools, and is within easy reach of Blackpool seafront.

Tenure / Property Information

Investment Analysis

The £140,000 guide is supported only as the auction guide. The supplied Land Registry comparables are nearby existing houses, not development land or completed apartments, so they do not establish land value or GDV. Planning permission is stated for 12 two-bedroom flats, but no construction cost, completed-value evidence or professional valuation is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a planning, build-cost and professional GDV appraisal; current evidence is insufficient to justify bidding at the guide.

Works Required

Develop the approved part three-storey and part four-storey building comprising 12 self-contained two-bedroom flats, including the approved dedicated off-road parking. Construction costs and specifications are not supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis is not supportable without build costs, professional GDV evidence, rents and finance assumptions. The stated guide plus the known 2.75% administration charge would be £143,850 before other fees, searches, legal costs and disbursements, but this excludes all development costs.

Buy-to-Let Analysis

BTL feasibility cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, development cost or completed-value evidence is supplied. The approved 12-flat scheme may support a rental strategy, but returns cannot be calculated.

Flip Analysis

A flip appraisal cannot be calculated. The scheme has stated planning for 12 flats, but there is no supported GDV, construction budget, finance cost, selling allowance or comparable apartment evidence.

Investor Risks & Due Diligence

• No supported GDV or completed-apartment comparables are provided.

• No construction cost estimate is supplied for the 12-flat scheme.

• Additional search, seller, legal, transfer and other disbursement costs may apply.

• Planning permission and approved plans are stated but have not been independently verified from the supplied evidence.

• No rental evidence is available to assess investment returns.

Recommendation

Proceed only after obtaining a planning, build-cost and professional GDV appraisal; current evidence is insufficient to justify bidding at the guide.

Strategy Rating

Analysis Confidence

Planning and auction fee information are supplied, but there is no development cost, apartment valuation, rental evidence, finance information or directly comparable development-land evidence.